EP 1552458 A4 20060125 - NETWORK AND METHOD FOR TRADING DERIVATIVES BY PROVIDING ENHANCED RFQ VISIBILITY
Title (en)
NETWORK AND METHOD FOR TRADING DERIVATIVES BY PROVIDING ENHANCED RFQ VISIBILITY
Title (de)
NETZWERK UND VERFAHREN ZUM HANDELN MIT DERIVATIVEN DURCH BEREITSTELLEN ERWEITERTER RFQ-VISIBILITÄT
Title (fr)
RESEAU ET PROCEDE DE COMMERCE D'INSTRUMENTS DERIVES PAR LA FOURNITURE DE VISIBILITE AMELIOREE D'APPELS D'OFFRE
Publication
Application
Priority
- US 0332820 W 20031015
- US 41898202 P 20021015
Abstract (en)
[origin: WO2004036368A2] A computer network and method for electronically trading derivatives. One preferred method of trading includes providing indicative quotes to market participants (which typically includes subscribers, but may also include markets) to provide a non-binding indication of how the market makers are likely to price the particular derivative. A participant may then submit an RFQ, which is a request for a binding quote for the derivative. The RFQ preferably causes the current order book to be displayed on all subscriber's terminals, typically in the form of a row indicating the derivative of interest along with the current binding bid and binding ask prices. The indicative bid and ask prices may also be displayed, as well as the quantity (if any) requested in the RFQ. Market participants may then elect to submit an order for the corresponding derivative. Typically, the market participants will await an indication that a market maker has submitted a binding quote.
IPC 1-7
IPC 8 full level
G06Q 30/00 (2006.01); G06Q 40/00 (2006.01)
CPC (source: EP US)
G06Q 30/08 (2013.01 - EP US); G06Q 40/04 (2013.01 - EP US)
Citation (search report)
- No Search
- See references of WO 2004036368A2
Citation (examination)
US 2002128955 A1 20020912 - BRADY NEAL [US], et al
Designated contracting state (EPC)
AT BE BG CH CY CZ DE DK EE ES FI FR GB GR HU IE IT LI LU MC NL PT RO SE SI SK TR
DOCDB simple family (publication)
WO 2004036368 A2 20040429; WO 2004036368 A3 20050127; WO 2004036368 A9 20040603; AU 2003301476 A1 20040504; AU 2003301476 A8 20040504; EP 1552458 A2 20050713; EP 1552458 A4 20060125; JP 2006508428 A 20060309; JP 2012074047 A 20120412; JP 5511768 B2 20140604; US 2004199453 A1 20041007; US 2007118462 A1 20070524; US 7197483 B2 20070327; US 7272580 B2 20070918
DOCDB simple family (application)
US 0332820 W 20031015; AU 2003301476 A 20031015; EP 03809073 A 20031015; JP 2004545380 A 20031015; JP 2011237527 A 20111028; US 64686306 A 20061228; US 68590703 A 20031015